secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001104659-24-055755
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Seaways acquires two MR product carriers; issues 217k shares in partial closing of six-vessel deal
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- Acquired two MR Product Carriers (built 2014/2015) on Apr 29 and May 1, 2024, as partial closing of previously announced six-vessel purchase.
- Total six-vessel consideration ~$232M, payable 85% cash and 15% stock; 217,088 shares issued for these two vessels.
- Shares issued as private placement to accredited investor under Section 4(a)(2); registered for resale via S-3 prospectus supplement.
- Remaining four MR carriers expected to be delivered by end of Q2 2024 subject to customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924055755/0001104659-24-055755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924055755/tm2413208d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055755

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